Saipem completes sale of Saudi shallow-water drilling unit to ADES
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Region
The OPEC core around the Persian Gulf, plus the Strait of Hormuz, the chokepoint that roughly a fifth of the world's oil passes through.
EIA STEO · Aug 2026
Saudi Arabia
6.25M bbl/d
▼ 31.3% YoY
Iraq
3.30M bbl/d
▼ 25% YoY
Iran
2.10M bbl/d
▼ 36.4% YoY
Kuwait
1.87M bbl/d
▼ 23.7% YoY
Trend lines: trailing 24 months (Sep 2024 – Aug 2026), quarterly ticks. Click a card to expand. Source: EIA STEO.
Monthly, trailing 24 months. Source: EIA STEO.
Country production from EIA STEO; basin outline from the USGS World Petroleum Assessment; prices are live.
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